Oil futures edged increased early Wednesday, shaking off weak spot seen after business information confirmed a big buildup in U.S. crude inventories final week forward of official authorities figures.
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The American Petroleum Institute late Tuesday reported U.S. crude inventories jumped 8.52 million barrels final week, based on a supply citing the info, whereas shares on the Nymex supply hub in Cushing, Okla., rose by 512,000 barrels. Product inventories fell, nevertheless, with gasoline shares down…
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